Scheduling and Disclosure Update
A few things I wanted to share: what’s coming up, a break I’m taking next week, and a change to my portfolio disclosure.
What I’m working on
I’m currently working on DoorDash, which I expect to publish sometime next month. After that, I plan to turn to Pool Corp, and then spend some time on memory companies, Micron in particular.
A quick word on cadence. Between the Deep Dives and the daily pieces, I expect each Deep Dive to take a little longer than a month to finish from here on. Some of that is simply the daily workload. But some of it reflects a view I’ve been forming for a while: six years in, the library of Deep Dives has grown large enough that I increasingly think the daily pieces are becoming the core of what MBI Deep Dives offers. In the early years, every new Deep Dive was almost entirely net-new for readers; today, an incremental one may not carry the same weight it once did. That said, there’s no shortage of businesses I still want to understand more deeply, so Deep Dives will remain an integral part of the work for the foreseeable future.
A break next week
I’m taking a week off, starting Tuesday, June 30. I’ll publish daily as usual through Monday, June 29, and I’ll be back to the regular daily cadence on July 7.
A change to my portfolio disclosure
This one needs a bit of context.
I started MBI Deep Dives almost six years ago, after my work authorization in the US expired. I moved to Canada in early 2021 and incorporated the business there. I later moved back to the US but kept the company in Canada. This year, after receiving my Green Card, I spoke with a couple of tax professionals about moving the business to the US to simplify my tax reporting now that I’m a permanent resident here.
I’ve since begun that process, mainly moving over the investments I’ve held through the Canadian entity. It has turned out to be more complicated than I expected, and I’ll need to make a trip back to Canada to sort out some of the details. As part of this, I sold my entire Canadian-held portfolio yesterday. Because that was roughly 85% of my total holdings (the rest is in the US), I think the right thing to do is to pause the portfolio disclosure for a few weeks, until I’m able to move the assets over. Once I can, I intend to largely buy back the positions I sold though where I land will, of course, depend on where those stocks are trading by then.
Frankly speaking, this whole process has been a real headache. But I’d rather deal with the distraction now, over the coming week, so I can get back to focusing fully on investing afterward.
Thank you, as always, for your understanding and for reading.
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